The Ethereum Foundation sold 2,785 ETH, exchanging them for approximately $6.42 million worth of stablecoins. According to Onchain Lens monitoring, the Ethereum Foundation sold 2,785 ETH in batches via CoW Swap, worth approximately $6.42 million, and exchanged them for USDS, a stablecoin of the Sky protocol. On-chain records show that the acquired USDS was subsequently deposited into the interest-bearing version, sUSDS.